Casa Systems has filed for bankruptcy, and has already arranged deals to sell its cable technology assets as well as its 5G core and RAN businesses.
The Andover, Mass.-based network technology vendor has entered into a $20 million asset-purchase agreement with Canada's Vecima Networks for its cable network technology business. The "stalking-horse bid" will set a baseline for an auction that will be supervised by the U.S. Bankruptcy Court for the District of Delaware, which is overseeing Casa’s restructuring.
